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SG&A Expense Growth Under PressureDecelerating
Percentile Rank3
Studio
Year-over-Year Change

Year-over-year SG&A expense growth

Percentile
P3
Near historical low
vs 5Y Ago
-1.3x
Contraction
Streak
1 qtr
Consecutive declineDecelerating
PeriodValue
Q4 2025-36.50%
Q3 2025-4.06%
Q2 2025-16.61%
Q1 2025-1.41%
Q4 202414.57%
Q3 2024-10.39%
Q2 2024-5.66%
Q1 20244.71%
Q4 202313.92%
Q3 2023-4.29%
Q2 2023-4.26%
Q1 2023-2.75%
Q4 20228.53%
Q3 20226.54%
Q2 20225.13%
Q1 202227.72%
Q4 202143.97%
Q3 202153.86%
Q2 202111.07%
Q1 2021-9.55%
Q4 202028.38%
Q3 2020-9.57%
Q2 2020-32.73%
Q1 202020.18%
Q4 201936.43%
Q3 2019-2.75%
Q2 201913.83%
Q1 201919.60%
Q4 201832.58%
Q3 2018-15.30%
Q2 201824.74%
Q1 2018-20.15%
Q4 201728.04%
Q3 2017-3.29%
Q2 201740.13%
Q1 201722.01%
Q4 2016-12.14%
Q3 2016-2.17%
Q2 2016131.93%
Q1 2016-51.81%